Tag Archive: #paybackseason

Welcome to #PaybackSeason: Busting the Top 5 Tax Myths

April 11, 2017

It’s the middle of April, which means you are likely in one of two camps: those who have finished filing their taxes, and those who are postponing the inevitable for as long as humanly possible. Can you guess which camp I’m in?

Whether you’re blissfully spending your refund or are still in the process of collecting all your forms and receipts, it’s always a good idea to ensure that you have the correct information. Friends and neighbours may often be a source of great advice, but when it comes to taxes, it’s best to leave the advice to the experts.
banner_media-centerCourtesy of my friends at H&R Block Canada, here are some of the top tax myths. Spoiler alert: cats are not considered dependents for tax purposes. I’m serious.

Myth #1: If I receive a tax refund, my return is approved. The Canada Revenue Agency (CRA) will process your return and send you a refund fairly promptly. However, the CRA also has three years in which to review returns and request follow up paperwork. The review may result in a Notice of Reassessment with a balance owing. For example, if you claimed moving expenses that were not eligible, the CRA will disallow your claim and send you a tax bill.  (more…)

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DIY! All the Details on H&R Block Online Tax Software

March 20, 2017

It’s a fact: Not all tax software is created equal.

Welcome to spring – also known as tax season – er, #PaybackSeason! By now, you may be thinking you *really* need to get those income taxes done, but may lack the money, and motivation, to begin. And the truth is, with all the different tax software options available, the process can be a little daunting.
C5Sr8k-UYAEpyhdWhat happens if you have questions along the way? Who can you trust to give you the most accurate result? When is “free” really free?

If you find yourself dragging your feet, looking for the right solution, muddle no more – trust the tax experts at H&R Block. They proudly offer free tax software with a high level of personalization, allowing you to choose the best option for your needs.  (more…)

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